Breeden dumps shares in Connaught after warning

first_img whatsapp Wednesday 11 August 2010 8:18 pm KCS-content Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Breeden dumps shares in Connaught after warning center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoReporter center[Photos] Meet The Man Katie Couric Is Romantically Involved With In 2021Reporter centerUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndo Share HEDGE fund Breeden European Partners has sold almost half its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than £13m in recent weeks.Breeden European had declared a stake of 13 per cent, or 18m shares, at the start of July, fuelling talk of a break-up of the embattled firm. A stock exchange filing yesterday showed Breeden disposed of 8m shares on Friday, the day Connaught said it would make a loss for the year. Asset manager Toscafund and Norway’s national bank Norges have also disposed of large holdings in recent days as Connaught stock remained in the doldrums. Shares closed up 2.2p at 15.6p yesterday. Breeden European could not be reached for comment. whatsapp Tags: NULLlast_img read more

H&M CHEERS SALES RISE

first_img Share H&M CHEERS SALES RISE KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsappcenter_img Monday 16 August 2010 8:33 pm Show Comments ▼ FASHION retailer Hennes & Mauritz saw sales at its established stores rise sharply by ten per cent in July compared with a year earlier as the firm reaped the benefit of an improving global economy. Total sales in the month, which include newly opened stores, were up 21 per cent. The outfit said it had suffered a slow spring season while the economy remained rocky, but summer had been better. Tags: NULLlast_img read more

Development Securities in profit

first_img Development Securities in profit Property investor Development Securities posted a pre-tax profit for the first half of the year yesterday, after a loss of £19.1m a year ago. The value of net assets fell 2.3 per cent to £238.5m after several revaluations, though the figure does not include the firm’s £62.2m purchase of the Manchester Evening News Arena in May. KCS-content Tuesday 24 August 2010 7:23 pm Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Share Tags: NULLlast_img read more

Rio Tinto plans to expand its diamond mine

first_img Tags: NULL Share LONDON-listed miner Rio Tinto announced plans to expand its Argyle diamond mine in Western Australia yesterday, the latest step in its plan to spend about $13bn (£8.4bn) through the end of 2011 to boost growth.Rio Tinto said it plans to invest $803m to develop an underground mine under the existing open pit, ramping up production from 2011 to reach 9m tonnes of diamond-bearing ore a year within two years.The project, put on hold in 2009 due to the global financial crisis, will expand the life of the world’s largest mine for pink diamonds to at least 2019 as the company looks to capture burgeoning demand.“A significant supply gap is expected to emerge in the medium to long term and the outlook for demand is strong, driven by the growth of emerging markets,” Rio Tinto diamonds and minerals chief executive Harry Kenyon-Slaney said in a statement.The Argyle investment follows Rio Tinto ‘s approval in August of a $1.6bn expansion at its Hope Downs iron ore project in Western Australia, with the company back on a growth path after slashing a crippling $40bn debt pile.Diamonds contributed $75m to Rio Tinto’s group earnings at its latest interim results. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USAUndoMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity WeekUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo KCS-content Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Tuesday 14 September 2010 8:46 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp Rio Tinto plans to expand its diamond mine whatsapp Show Comments ▼last_img read more

OECD: US to avoid double dip

first_imgMonday 20 September 2010 9:34 pm whatsapp OECD: US to avoid double dip A generation of young Americans face a bleak future of unemployment but the US economy will avoid a double-dip recession, according to the Organisation for Economic Cooperation and Development (OECD).The Paris-based organisation yesterday said it could be 2013 before employment returns to pre-recession levels after peaking at 10 per cent of the labour force in 2009.However, OECD secretary general Angel Gurria said: “We don’t see a risk of a double-dip recession. That said, we don’t see either a recovery that is strong enough to put a significant dent in unemployment.”The OECD report projects US economic growth at a sluggish 2.6 per cent in 2010.It added that because of the degree of slack in the economy and low inflation, current low interest rates were appropriate. But it urged policymakers to continue planning for a quick withdrawal of “the very accommodative stance of monetary policy” as soon as conditions permit in order to avoid spiralling inflation.An announcement by the National Bureau of Economic Research (NBER) yesterday backed up the findings. The organisation said the US economy officially exited recession in June 2009, making it the longest downturn since the Great Depression.However, while the committee said the economy has not returned to operating at normal capacity, it effectively ruled out the possibility of a double dip recession.A spokesman said: “Any future downturn of the economy would be a new recession and not a continuation of the 2007 recession.” Share whatsapp KCS-content center_img More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

ANALYST VIEWS: WHAT DO Y0U THINK OF TUI’S TRADING UPDATE?

first_img whatsapp Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Tuesday 5 October 2010 7:54 pm WYN ELLIS| NUMISDemand has held up well over the summer and TUI appears to be encouraged by the apparent return of consumer confidence. Additional restructuring is required however, notably at Corsair (possibly£60m) and in the UK (around £20m). High levels of exceptional costs are a sadly recurrent feature.CHRIS ALEXANDER| BNP PARIBASThis morning’s update strikes a more confident posture than that from Cook last week. In bookings terms, the summer was OK, but winter bookings are better – TUI has probably out-performed Cook and raised market share. In the near term we see few catalysts to lead to a material revaluation.RICHARD CURR| PRIME MARKETSTui Travel has well and truly caught the market napping this morning, with a real humdinger of a trading update. the group has taken advantage of tough trading conditions to build market share as smaller operators struggle and fail, and with net debt reduced and positive noises for summer 2011, shareholders should see some decent gains in coming weeks. Share KCS-content Show Comments ▼ ANALYST VIEWS: WHAT DO Y0U THINK OF TUI’S TRADING UPDATE? Tags: NULLlast_img read more

AMEC reports strong trading

first_img whatsapp Oil services and engineering group AMEC said yesterday that its current business trading was near the top end of market expectations after major contract wins with BP and the US Navy. AMEC said its order book stood at £3.1bn and added it was expecting a margin of around nine per cent for group earnings before interest, tax and amortisation. KCS-content Show Comments ▼ Thursday 11 November 2010 7:43 pm Share AMEC reports strong trading whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULLlast_img read more

Tie-up between BA and Iberia to face the vote

first_img whatsapp Tie-up between BA and Iberia to face the vote KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Share center_img Show Comments ▼ Sunday 28 November 2010 9:14 pm INVESTORS in British Airways and Spain’s Iberia are due to vote today on a £5.6bn merger to create a new giant of the skies.Shareholders are due to vote in London and Madrid on whether to approve the tie-up to create a holding company known as International Airlines Group (IAG).It would mark another step in consolidation that has led to ties between Air France and KLM and Lufthansa, Swiss and Austrian Airlines.Traditional flag carriers are teaming up to cut costs in the face of the economic downturn and competition from budget airlines.In IAG, BA and Iberia would each keep their identities and operations, but would have access to each other’s networks, including Iberia’s Latin and South American routes.BA chief executive Willie Walsh would become chief executive of the new group and Iberia chairman Antonio Vazquez would be chairman. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULLlast_img read more

DISNEY’S TANGLED TOPS UK BOX OFFICE

first_imgWednesday 2 February 2011 7:44 pm DISNEY’S TANGLED TOPS UK BOX OFFICE KCS-content NEW Disney film Tangled has ended the three-week reign of The King’s Speech at the top of the UK box office. The animated adaptation of Rapunzel, voiced by Mandy Moore and Zachary Levi, took £5.1m in its opening weekend, pushing The King’s Speech into second place. whatsapp Share Tags: NULL Show Comments ▼ whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com last_img read more

Moss Bros in Boss sell-off

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoBetterBe20 Stunning Female AthletesBetterBeUndo whatsapp Share whatsapp Show Comments ▼center_img Moss Bros in Boss sell-off MOSS BROS yesterday sold its 15 Hugo Boss outlets in a move to concentrate more on its own brands.The £16.5m deal sees Hugo Boss taking back the stores, two of which are in the City. Moss Bros, which also trades as Savoy Taylors Guild and Cecil Gee, has run Hugo Boss stores under franchise since 1995.But its chief executive Brian Brick is aiming to transform the company through changing product ranges and cost cutting.Meanwhile, like-for-like sales rose by seven per cent in the 26 weeks to 29 January, the retailer said yesterday.Brick said: “The company is going in the right direction. “We have the right product ranges now and we are concentrating on what we are good at.“That’s why we have sold the Boss franchises, so we can concentrate on what we do best and that is formal wear.”However, Moss said it would continue to stock some Boss lines in its own stores.The deal means that Moss Bros is now operating debt free. Brick said that the money generated by the sale would be used to revamp some stores and open others across the UK. “We are on the lookout for more space,” he added. Monday 7 February 2011 8:48 pm Tags: NULL KCS-content last_img read more